Guyana appears closer to securing key financial support for the construction of the Amaila Hydropower plant from the Inter-America Development Bank (IDB), which has proposed support of up to US$200 million.
The agreement, according to the bank’s website, is currently at the “preparation” stage. “It is expected that the IDB will provide a political risk guarantee (PRG) to the Sponsor and/or Sr loan to the Project Company (“A-Loan”), the project abstract, dated June 7, 2011 said. The bank said that
